Vat on flat
Shivanand Rai
(Querist) 16 September 2012
This query is : Resolved
I HAVE PURCHASED FLAT IN 2009 IN MOHEMMEDWADI PUNE 411060, WHAT % OF TAX SHOULD BE CALCULATED AND WHAT IS THE METHOD OF CACULATING TAX. WEATHER WE CAN AVOID VAT FOR OUR FLAT. OUR BUILDER HAVE ASKED THE VAT PAYMENT @ 5% VAT ON REGISTRATION VALUE
ajay sethi
(Expert) 16 September 2012
you cannot avoid vat on flat . in mahrashtra vat is payable in respect of trnsactions done for transfer of flats under construction after 20th June 2006 . if you had purchased flat after issue of completion certifcate you could have avoided VAT
Shivanand Rai
(Querist) 25 September 2012
I HAVE PURCHASED FLAT IN 2009 IN MOHEMMEDWADI PUNE pin - 411060, OUR BUILDER HAVE ASKED THE VAT PAYMENT @ 5% VAT ON REGISTRATION VALUE. But are we in a position to ask builder to caculate tax by all three methods and whatever is lowest can be paid.